Is utility transferable? a revealed preference analysis

Artikel

The transferable utility hypothesis underlies important theoretical results in household economics. We provide a revealed preference framework for bringing this (theoretically appealing) hypothesis to observational data. We establish revealed preference conditions that must be satisfied for observed household consumption behavior to be consistent with transferable utility. We also show that these conditions are testable by means of integer programming methods.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 10 ; Year: 2015 ; Issue: 1 ; Pages: 51-65 ; New Haven, CT: The Econometric Society

Classification and Topics

• Classification: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Consumer Economics: Theory ; Consumer Economics: Empirical Analysis ; Household Production and Intrahousehold Allocation
• Subject: Transferable utility hypothesis ; generalized quasi-linearity ; household consump- tion ; nonparametric tests ; revealed preferences

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cherchye, Laurens ; Demuynck, Thomas ; De Rock, Bram
• Event: Veröffentlichung
• (who): The Econometric Society
• (where): New Haven, CT
• (when): 2015

Further information

• DOI: doi:10.3982/TE1560
• Handle: http://hdl.handle.net/10419/150243
• Last update: 10.03.2025, 11:42 AM CET